Daily Republican., 1887-11-17
A stupendous swindie.

The New York Herald hss reosntly
,Aid bare another scneme to sw'noie ne
public. In o detailed conversation con-
cerniuR the good points OF the Pocahen-
tag. Engineer Fryer said last harch
thst she would be built within ye'r
aud ready to cross the ocean before
Christmas. They had plenty OF money,
stock Was going of like hot cakes sno
the thing was bound to revolotton:Ze
the ship.building of the world. Tnr
entire interior OF the ship was 10 be OF
such spicndor and convertence that one
ststerOon would be ms good a. apother.
Instruments invented especially for the
Pocahontas would be provided WIN
electrical attachments for giving the
location and distances OF icebergs,
Islands and other ocean ohsructoos.
| In the most terrible winter storms the
| Pocahopsas would ride so easily fnsl
the matches would be kept open and
children allowed to play on deck rs II
they were 1T home in the bscs yart.
lTWenty. five miles an hour will be th,
ordinary speed. The engines ana MA
chinery will be entirely unlike ANY
thing known, bat 50 startliugly perfec;
as not to be heard in the staterooms ad.
joining the eusinss.
1t was claimed that work on TIL:
wonderful ship bad been commenced al
lAlexsndria, Va, bat reporter OF the
Herald went 90 tina. place last week
and found that DO work had been done
on the ship. The keel hal not beea
laid. The whole scheme was farcs.
Not only had business men OF the town
been gulled by false pretences, bat
the System of hum buggery and pretence
had been kept up for the greater part OF
a year. In the printed minutes Of the
meetings of the beard OF directors sem!
to the STOCKHOLDERS it was claim ID thAi
the keel was being laid, and that the
company WAS in full possession Of ta"
shipy ard formerly owned by John T.
Agnew s. Sons Of Alexandria.
y The rssuit Of the investigation sho ys
THAI the company" never owned any
thing, and never intended to build any
. thing. The sole purpose of It's mana
gers, 1t sppeSrR, was to sell stook and
live on tins proceeds. Small inysstor1
were 70 be induced to pat ,hsir savings
, into the miraculous usenterpiss-menw who
I would net give too muoh trouble. But
to build the chip was the last thing 30
be thought Of when the saip is bail
our game Is played out," said the lesd'
, Ing spirit to supposed friend. ~ e
N uSt NOl tulLh VI uOisiS tOu Il uCA WI
on the Pocahor tas," he said, "ior fou'
or I've years Mean while 'exusnses''
Z could bs made to absorb all the pro
csods Of palss OF stock that snlsriss did
; not cnnG uue. TIE visionary protector!
e OF the great ste.mship line took the!l
) plans to Baltimore, where they MADE .
. contract wish rolling mill TO make
the plate iron 30 construct tie PCcahon
Q ta6.i
| With that business conservatism pc
!. lcullar to Baltimore msnufacl urers &c,
/ firm made the contract 80 to read tia
{ the money must be in hand before wCrl
9 was begun. As result the Representa-
!. tives OF the alleged bubble vito mad
8 the contract never consummated 1t an(
: the Baltimore iron worker, consequent
e ly, made NO preparations even 10 Lu,
material for the work. Ace,be- BA.
}: timore firm, which was TO rivet th
d plates and set up the frames OF the Po
:, cab entas, designated that their part {
B; the performance should be paid lor n
!. the wsek IN advance. These insSar CT
d show thst taere was little faith plsef
D; in the altimats result o ,ha eptespTis
l.; by Baltimore BUSINESS Gen.